Original author: Pzai, Foresight News
The Bitcoin 2025 conference officially opened in Las Vegas on May 27th, Pacific Time. Speakers on the second day included: US Vice President JD Vance; Strategy founder Michael Saylor; Trumps second son Eric Trump, etc.
Government officials speaking
U.S. Vice President Cyrus Vance said that the current U.S. government will focus on three major parts, including widespread adoption, legislative support, and clear regulation. The work done by the Trump administration on digital asset policy is just the beginning. Bitcoin finally has a supporter and ally in the White House. We want our fellow citizens to know that cryptocurrencies and digital assets, especially Bitcoin, are part of the mainstream economy and will exist for a long time. We know that the Chinese government does not like Bitcoin. So we should ask: why? Why is our number one adversary so resistant to it? Since China is away from Bitcoin, maybe we should move towards Bitcoin in the United States.
In terms of widespread adoption, Vance said that about 50 million Americans hold Bitcoin, and I believe that number will soon increase to 100 million. And cryptocurrency is a hedge against bad policies in Washington, soaring inflation, and discrimination in the private sector.
On the GENIUS bill recently passed by the Senate, Vance said, In this administration, we believe that stablecoins do not threaten the integrity of the dollar. On the contrary, we see them as a multiplier to enhance our economic strength.
U.S. Congressman Byron Donalds said he would vote in favor of the Strategic Bitcoin Reserve Act because Bitcoin has proven to be a store of value.
New York Mayor Eric Adams called for the abolition of the BitLicense encryption license system issued by the New York State Department of Financial Services (NYDFS) and proposed the idea of issuing Bitcoin municipal bonds BitBond.
Bilal Bin Saqib, special assistant to the Pakistani prime minister on blockchain and cryptocurrency, said the Pakistani government will establish a strategic reserve of Bitcoin, which will be held permanently.
Donald Trumps two sons, Don Jr. and Eric Trump, said at the Bitcoin 2025 conference that the price of Bitcoin may exceed $170,000 by the end of 2026.
Business people speak
Miles Suter, head of Bitcoin products at Block, said in his speech that Block will launch Bitcoin payment functions for merchants using Square POS, and held a Guinness World Record challenge for the most Bitcoin Lightning Network payments in one day at the summit.
Blockstream co-founder and CEO Adam Back said, I think Bitcoin is still in its early stages, but more and more mainstream participants are beginning to get involved. It is beginning to become the foundation of global finance. He also said that Blockstream will focus on infrastructure expansion, enterprise tools and ecosystem design in the future.
Strive CEO Matt Cole called on Zuckerbergs Meta to add Bitcoin to its balance sheet at the meeting.
